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Great to catch up with Aliya Shibli , this time chatting about the chancellor's recent announcement on proposed legislation around ESG Ratings. A common theme is emerging from these discussions: greater regulation and greater clarity will drive transparency and improve investor confidence in #ESGFinance. Can the UK provide an international gold standard around which ESG Finance can develop? #movingbankingforward Fieldfisher The Banker #GreenFinance #ESG https://lnkd.in/ey9uSR_m

The Financial Conduct Authority will regulate companies providing environmental, social and governance ratings to users in the UK. #ESG ratings provision has come under scrutiny in the UK and overseas in recent years. In 2023, the FCA endorsed a voluntary code of conduct for providers designed by the ICMA - International Capital Market Association and International Regulatory Strategy Group. The EU, meanwhile, adopted plans to regulate ESG ratings providers in December. #impactinvesting #sustainablefinance https://lnkd.in/emWEXzaP

Will UK’s New ESG Regulation Illuminate the Sector? 🌟📊 Exciting developments in the UK as new ESG regulations are on the horizon! The government's initiative aims to bring transparency to the ESG ratings industry, impacting trillions in investments. The Financial Conduct Authority will oversee this change, aligning the UK with international standards and addressing concerns about opaque rating criteria. Rachel Reeves, UK Chancellor, emphasizes the importance of clear and transparent ESG ratings to boost confidence in sustainable investing. These regulations are set to enhance oversight in a sector often criticized for inconsistent methodologies. How will these changes shape the future of sustainable investments and corporate accountability? Share your thoughts! 🤔💬 #ESG #SustainableInvesting #UKRegulation #FinancialTransparency #InvestmentNews #FCA #ESGRatings #ESGReg For more details, read the full article below.

The Chancellor, Jeremy Hunt has listed ESG rules in the Spring Budget. As the ESG ratings have come under fire in recent years due to providers' methodologies and objectives, the Financial Conduct Authority will now regulate companies providing ESG ratings to users in the UK to ensure clarity is given. Following the announcement, the Treasury will release a consultation response and legislative timeline later this year to set out the outline of what this will mean for providers going forward. Find out more: https://bit.ly/4apUdvl #ESG #Sustainability #Finance #SpringBudget

UK set to follow EU’s lead in ESG ratings regulation, experts say. FE fundinfo's Regulatory Manager Mikkel Bates is featured in The Banker today, noting that there is currently “little transparency” about what each ratings agency focuses on and why they rate a company higher or lower based on certain factors when compared with other ratings agencies. ➡️ Read the full article here: https://hubs.ly/Q02Lf1Cy0 #ESG #FCA #Institutional #Investors #Regulation

S&P fire the first shots against the EU's proposed ESG Rating Regulation, aiming specifically at the proposed prohibition of providing consultancy services: https://lnkd.in/evWXcirj The Credit Rating Research Initiative #creditratings #EU #ESGratings

In the dynamic landscape of sustainable finance regulations, the European Commission has been actively shaping the future over recent years. As we step into 2024, anticipation mounts for what promises to be a pivotal year in ESG regulation. 🌏 “The first reporting period for the CSRD, a potential overhaul of the SFDR, and the enforcement of the CSDDD are just some of the changes on the cards. But the stringency of most of these regulations still hangs in the balance. In 2023, we saw political and investor pushback, which led to delays and dilution across the board…” 💬 9fin's Sammy C. chats to Sukhvir Basran, partner and ESG co-chair at Cadwalader, Wickersham & Taft LLP and Audra Walton, ESG lead at Cheyne Capital, to find out their thoughts on the 2024 outlook, including their predictions for CS3D. 🔮 Head to 9fin insights to read for free — https://lnkd.in/eH92DB4e

What do you know about the EU Sustainable Finance Disclosure Regulation (SFDR)? Well it's a pivotal regulation that enhances the transparency and comparability of sustainability characteristics in financial products and funds. This initiative is crucial for advancing sustainable investment practices across the EU's financial sector. Essential Aspects of EU SFDR: Applicability: Targets a broad range of financial market participants, including asset managers, pension providers, insurers, and investment advisors. Disclosure Obligations: Requires comprehensive disclosures regarding sustainability risks, the consideration of adverse impacts, and the sustainability objectives being promoted. ESG Focus: Stresses the importance of integrating environmental, social, and governance factors in investment decisions and stewardship policies. Rigorous Standards: Introduces more stringent disclosure requirements for products marketed as sustainable investments or those promoting ESG characteristics. https://lnkd.in/eBXBhxB6 Since its phased implementation began in March 2021, SFDR has been instrumental in combating 'greenwashing' and enhancing investor understanding. Governed by European regulatory bodies, the regulation includes penalties for non-compliance, underscoring its significant role in fostering a sustainable financial landscape. Visit our website to find out more https://lnkd.in/eBXBhxB6 #sustainability #greenwashing #SFDR #Europe

Environmental, Social, and Governance (#ESG) policies are now a top priority in Europe, aiming to foster sustainability and responsible business practices. The European Commission and ECB are defining frameworks to assess business performance, impacting all companies operating within Europe. In Cyprus, regulatory bodies are embedding ESG metrics into financial reports. The Corporate Sustainability Reporting Directive (CSRD) mandates companies with over 500 employees to report annually on ESG practices, with this requirement expanding to smaller companies by 2028. This shift will influence internal audits and highlight the importance of transparency and accountability. At Agni Livera LLC, we leverage our extensive knowledge of sustainable performance-related laws, regulations, standards, and trends to provide tailored legal and strategic advice. We help clients fulfill their corporate ESG commitments, manage risks, develop and audit compliance plans, and enhance market competitiveness. As businesses navigate these changes, strategic legal advice is crucial. Our comprehensive guidance on sustainable finance, disclosures, and compliance supports clients in their transition toward a more sustainable future. #Sustainability #LegalSupport #LiveraLaw #LLC 

The UK is taking a significant step forward in #sustainablefinance with plans to introduce legislation to regulate #esg rating agencies. This new law aims to place ESG ratings providers under the supervision of the Financial Conduct Authority by 2025. This move is part of a broader effort to enhance #transparency and #accountability in #esgratings, addressing the growing demand from #investors who are increasingly integrating ESG factors into their decision-making processes.